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ARTICLE · 02 AUGUST 2006

Internet Gaming Poses Challenges for Financial Institutions

Blake, Cassels & Graydon LLP
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Recent U.S. developments have highlighted issues relating to Internet gaming in Canada and the legal position of businesses located in Canada, such as financial institutions, which provide services relating to Internet gaming.

CanadaFinance and Banking
Blake, Cassels & Graydon LLP
Blake, Cassels & Graydon LLP
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Article by John Tuzyk and Dawn Jetten, ©2006 Blake, Cassels & Graydon LLP

This article was originally published in Blakes Bulletin on Financial Services, July 2006

Recent U.S. developments have highlighted issues relating to Internet gaming in Canada and the legal position of businesses located in Canada, such as financial institutions, which provide services relating to Internet gaming.

Recent U.S. Developments

A number of recent U.S. developments have focused attention on the legal status of Internet gaming. The British Chief Executive of BetonSports PLC, a publicly-traded company in Britain which owns a number of Internet sportsbooks and casinos, was recently arrested in the United States and charged with offences relating to violations of the U.S. Wire Act and other U.S. federal legislation. In addition, the United States House of Representatives has approved legislation that restricts the conduct of Internet gaming in the United States. Although the position of U.S.

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